MVKini Law Firm

MVKini is a dynamic, long established Law Firm with a reputation for excellence and results. It has a large network of offices across India and the support of associates in Europe and the US. The Firm’s team comprises of sharp and accomplished legal practitioners dealing in diverse sectors.

It offers a blend of youth and experience, expert knowledge and commercial acumen. Although the management team is the youngest among its peer groups, the Firm has served clients for more than 35 years. During that period India’s economy has evolved from an era of state-run monopolies to become one of the most important and exciting emerging markets. It is home to thriving capital markets and attracts vast amounts of foreign investments.

Many of MVKini’s clients have been key players in the nation’s transformation and the Firm has evolved to meet the needs of companies growing rapidly in India and internationally.

The Firm’s lawyers have a deep understanding of key industry sectors and as a result we hold leading positions in aviation, banking, environmental law, infrastructure, nuclear law, project finance and shipping, besides corporate and commercial.

Practice Areas
BANKING & FINANCE
MVKini is a leading advisor to India’s banks (both in public & private sectors, as also foreign banks operating in India) and financial institutions, whether they operate in domestic or international markets. The Firm offers services, ranging from regulatory compliance to strategic legal advice, tailored to the varied needs of national and multinational banks and financial institutions.

With nearly 40 years at the forefront of general banking and finance in India, the Firm has responded to the needs of a rapidly growing economy by developing special skills in project finance and external commercial borrowings.

The banking and finance practice lead is the Firm’s Managing Partner, Ravi Kini. A highly skilled team of Partners supports him.

General Banking and Finance
MVKini’s pan-India banking team advises and assists in preparation / vetting of documentation relating to the facility agreements, loan agreements, portfolio sales of private and multinational banks, securities, mortgages, liens, corporate, commercial, and consumer loans, bonds, guarantees, SBLCs and financial derivatives. It also assists international banks with the incorporation and registration of branches in India.

Key transactions
Highlights of MVKini’s experience includes:

Served as legal counsel to Branches of many Indian Banks in London, Dubai, Hong Kong & other foreign countries with regard to:

Drafting and Vetting of facility and security documents for Foreign Currency Term Loans/Working Capital including the Undertakings, Personal & Corporate Guarantees, creation of charge on assets to be provided by the Indian parent companies for their foreign wholly-owned subsidiaries involving provisions of FEMA and RBI guidelines on JV/WOS abroad.

Examining the legality and enforcement of various documents, reports and returns to be submitted to various regulatory authorities from Indian law perspective by the borrowers & lenders and ensuring compliance with requisite provisions of Law.

Drafting and vetting of Facility Agreement for Foreign Currency Term Loans/Working Capital by foreign lenders including for a 27-bank Consortium of Banks and many other Banks for credit facilities (ranging from US$130 million (Rs.700 crores) to US$1.6 billion (Rs. 8,654 crores) to companies in various sectors including Finance and Aviation.

Project Finance
The project finance team advises both Indian and international banks and financial institutions, especially in the infrastructure sector. The team assists, advises, drafts and vets Transaction/Financing Documents including loan agreements, security trustee agreements, inter-creditor agreements, deeds of guarantee, mortgage deeds, hypothecation deeds, deeds of pledge, assignment deeds, trust and retention account agreements, escrow agreements, and other related documents.

Key transactions
Advised on project financing of more than 30 National Highways projects on PPP and DBFOT basis.

Drafted / vetted term loan documents for various Banks/ Consortium of Banks/ Financial Institutions for credit facilities to companies in varied infrastructure projects including Highways and Power sectors (ranging from Rs.163 crores (US$30 million) to Rs. 4,460 crores (US$826 million).

External Commercial Borrowings
External Commercial Borrowings (”ECB”) is a leading practice area. MVKini has grown capability particularly during the last decade to support the Indian companies seeking access to foreign capital. As lenders’ legal counsel of various Banks and Financial Institutions including Indian Banks having branches abroad, the Firm co-ordinates actively both with lenders and borrowers to ensure compliance with legal requirements and protection of the lenders’ interests and assists with documentation relating to the creation and perfection of securities and reporting requirements.

\Rendering legal opinion on enforceability of the security documents from Indian law perspective including FEMA Regulations, RBI Guidelines and other applicable laws like Companies Act, Indian Stamp Act and Registration Act.